The International Holding Company has signed a strategic partnership agreement with the Holding Company, one of the largest major holding companies in the region, which covers key sectors of Abu Dhabi’s diversified economy through a wide range of companies, by acquiring a 50% stake in one of its subsidiaries “Eltizam Asset Management”.
The company explained in a statement to the Abu Dhabi Securities Exchange that the deal is done through the issuance of new shares and a total cash contribution of 111.6 million dirhams.
Eltizam Asset Management Group was established in 2009 and is one of the leading physical asset management companies in the UAE and the GCC region.
The company provides its clients in the region with a full range of strategic management and real estate services.
It recently acquired Inspire, an integrated company that specializes in infrastructure solutions, real estate, facilities management and project delivery services.